Will the court's decision stop P2P file swapping?

Movie studios and record labels won a clear victory against file swapping with the that peer-to-peer companies such as Grokster can be held liable for illegal activity that takes place on their networks. But despite thousands of lawsuits launched against individual file swappers and ongoing legal trouble for heavy hitters such as Napster and Kazaa, peer-to-peer file sharing continues to thrive. Will Monday's Supreme Court ruling put an end to P2P file swapping?